SARASOTA, Fla. AP - Around the same time he mysteriously vanished, hedge fund manager Arthur G. Nadel owed a $50 million payout to some of the investors who had entrusted their life savings to him, an accountant said Monday.Instead, they learned their money was gone - and now they're left asking if it was all a bad investment, or if they were scammed.
January 20, 2009 at 12:00 AM
1 minute read
SARASOTA, Fla. AP – Around the same time he mysteriously vanished, hedge fund manager Arthur G. Nadel owed a $50 million payout to some of the investors who had entrusted their life savings to him, an accountant said Monday.
Instead, they learned their money was gone – and now they’re left asking if it was all a bad investment, or if they were scammed.
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